Home / Business

Alibaba listing switch could chill HK market

By Oswald Chan in Hong Kong | China Daily | Updated: 2013-09-10 07:00

Financial analysts in Hong Kong said on Monday that the city's initial public offering market may go into virtual hibernation for the rest of the year if the mainland's top e-commerce company, Alibaba Group Holding, scraps its $60 billion plan to list.

A report in Monday's edition of the Financial Times said that Alibaba's founder Jack Ma and other top executives may abandon the Hong Kong IPO plan because the city's listing rules ban dual-class shares, which give top management officials more voting power.

The report added that Alibaba may switch the listing venue to New York, where such a corporate structure is allowed.

Alibaba listing switch could chill HK market

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349